REAL ESTATE PROPERTY TAX SERVICES
Real property, also referred to like real estate, realty, or immovable property, is any property attached directly to land as well as the land itself. It is any subset of land that has been improved through human legal actions. Real properties include land, buildings, structures, fences, improvements, retention ponds.
It is important that you differentiate between your Business Personal Property and Real Property. It is very easy to accidentally render the property if you are not sure what exactly qualifies as Real Property. We see time and time again that the counties use mass appraisal techniques and incorrectly assign tax payers property to the incorrect accounts.
From its inception, ITC has specialized in property tax issues on complex industrial properties. Industrial property valuation is an art, due to the dearth of market transactions that can define the valuations of other properties. Recognizing that, we analyze market data thoroughly, from a wide array of sources, to identify current construction cost structures, technological changes, and other factors that profoundly influence obsolescence and depreciation factors.
We use state-of-the-art software to assist in our valuation efforts, and include experienced appraisers on our team to provide complete in-house expertise. When needed, ITC taps on its extensive network of nationwide contacts to engage specialty appraisers and skilled legal professionals.